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Latest updates on the Middle East conflict and its effect on our markets

The Middle East crisis has disrupted global supply chains, affecting the flow of crude oil, condensate, and LNG, as well as large quantities of urea, ammonia, sulfur, aluminum, steel, and plastics from the Persian Gulf. With shipping traffic through the Strait of Hormuz reduced to a trickle, hundreds of commercial vessels—including bulk carriers, tankers, and offshore support ships—along with their crews, remain trapped and under threat of attack. The situation in the Middle East continues to change by the hour and stays highly dynamic.

 

To give you the best possible business insights, we’ve compiled our comprehensive news, opinion, and feature coverage for quick, easy access.

Iran claims closure of strait after attack on container ship leaves one missing, vessel ablaze

Iran claims closure of strait after attack on container ship leaves one missing, vessel ablaze

13 Jul 2026by Jamey Bergman
The US military has blamed Iran’s Islamic Revolutionary Guard Corps for the attack and named the vessel as 7,000-TEU GFS Galaxy
IUMI defends marine insurance pricing amid IMO criticism and escalating Gulf tensions

IUMI defends marine insurance pricing amid IMO criticism and escalating Gulf tensions

09 Jul 2026by Georgios Georgiou
Reports indicate war risk premiums are rising as analysts assess Gulf uncertainty and a “fragile” MoU
Evangelos Marinakis outlines 'win-win' Hormuz toll proposal 

Evangelos Marinakis outlines 'win-win' Hormuz toll proposal 

09 Jul 2026by Georgios Georgiou
The major Greek owner cited three reasons behind his proposal, which has also been submitted to the US administration
Hormuz uncertainty returns as IMO seeks guarantees for seafarer evacuation resumption

Hormuz uncertainty returns as IMO seeks guarantees for seafarer evacuation resumption

08 Jul 2026by Georgios Georgiou
Around 6,000 seafarers remain stranded in the region
Trump says truce is 'over'; shipping again a victim in US-Iran cycle of attacks

Trump says truce is 'over'; shipping again a victim in US-Iran cycle of attacks

08 Jul 2026by Jamey Bergman
Maritime risk analyst predicts reprisals will continue for 48 hours or less, during which time Iran will "enforce control of SoH by VHF hailing and further attacks"
Qatar confirms attack on LNG carrier as ships come under fire in Hormuz and Red Sea

Qatar confirms attack on LNG carrier as ships come under fire in Hormuz and Red Sea

07 Jul 2026by Jamey Bergman
Qatari Ministry of Foreign Affairs official says Qatar holds Republic of Iran "fully legally responsible for this attack," a "grave and explicit violation of international law"
Ballast VLGC enters Gulf on short-term fixture at sky-high rates 

Ballast VLGC enters Gulf on short-term fixture at sky-high rates 

06 Jul 2026by Georgios Georgiou
More shipowners could be tempted to enter the Gulf amid current strong fixing levels
Steam LNG carriers set for short-lived gains from early Hormuz transits 

Steam LNG carriers set for short-lived gains from early Hormuz transits 

29 Jun 2026by Georgios Georgiou
Analysts report increased interest in steam vessels for Middle East Gulf-Strait of Hormuz transits
VLCC attack signals shift in Hormuz threat level, but talks look likely to resume

VLCC attack signals shift in Hormuz threat level, but talks look likely to resume

29 Jun 2026by Jamey Bergman
A VLCC was struck by an ’unidentified projectile’ amid a restart of conflict and intensified rhetoric from the US and Iran that raised threat warnings for the Strait of Hormuz
Evergreen: attacked box ship was following UKMTO Hormuz route; IMO: vessels still transiting

Evergreen: attacked box ship was following UKMTO Hormuz route; IMO: vessels still transiting

26 Jun 2026by Jamey Bergman
Statements follow IMO confirmation that the vessel was not sailing under the IMO and Oman-led navigation framework aimed at evacuating more than 10,000 seafarers stuck in the Middle East Gulf
Container ship attacked off Oman; IMO pauses evacuation in Strait of Hormuz

Container ship attacked off Oman; IMO pauses evacuation in Strait of Hormuz

26 Jun 2026by Jamey Bergman
Attack off Oman comes one day after Oman and the IMO released a navigation framework aimed at evacuating more than 10,000 seafarers stuck in the Middle East Gulf
Day of the Seafarer: crews under fire and shipping staring down double-barreled workforce and skills shortage

Day of the Seafarer: crews under fire and shipping staring down double-barreled workforce and skills shortage

25 Jun 2026by Jamey Bergman
As IMO reminds the world that seafarers face serious dangers daily, lobbies warn over a growing shortage of trained officers and digital skills
US$125Bn of cargo stuck behind the Strait of Hormuz

US$125Bn of cargo stuck behind the Strait of Hormuz

24 Jun 2026by John Snyder
A new report by Allianz Commercial estimates some 1,150 cargo-carrying ships are stuck in the Persian Gulf
IMO-Oman phased evacuation plan sets out temporary safe corridors to move ships and seafarers through Hormuz

IMO-Oman phased evacuation plan sets out temporary safe corridors to move ships and seafarers through Hormuz

24 Jun 2026by Riviera News
Hundreds of vessels and 11,000 sefarers trapped for months by conflict to exit Middle East Gulf with cooperation from US, Iran, Oman, the US and the maritime industry
Gas carriers on the move through Hormuz despite lingering uncertainty

Gas carriers on the move through Hormuz despite lingering uncertainty

22 Jun 2026by Georgios Georgiou
Iranian-trade VLGCs sail laden to China, while more Qatari LNG carriers head back in ballast
Assessing tanker rates ahead of Hormuz reopening as 'geopolitical premium' expected to persist

Assessing tanker rates ahead of Hormuz reopening as 'geopolitical premium' expected to persist

19 Jun 2026by Georgios Georgiou
Gulf voyages are likely to carry a lasting risk premium after the market saw Hormuz disruption become a reality
Signs of LNG trade picking up through Hormuz as first ballast vessel returns to Ras Laffan

Signs of LNG trade picking up through Hormuz as first ballast vessel returns to Ras Laffan

19 Jun 2026by Georgios Georgiou
The transit is being closely watched by traders and owners as an early indicator of improving confidence in the region
Reports: Strait of Hormuz set to reopen within 30 days as US and Iran sign deal

Reports: Strait of Hormuz set to reopen within 30 days as US and Iran sign deal

18 Jun 2026by Jamey Bergman
US and Iranian media have reported that the two countries’ leaders have signed a memorandum of understanding for an immediate and permanent halt to military operations on all fronts
Iran-linked vessels test US blockade limits as tanker owners line up for Gulf cargoes

Iran-linked vessels test US blockade limits as tanker owners line up for Gulf cargoes

17 Jun 2026by Georgios Georgiou
Market participants expect vessels loading in the Gulf to command substantial premiums
How the Middle East Conflict is impacting the bunker market

How the Middle East Conflict is impacting the bunker market

17 Jun 2026by John Snyder
uel supply expert discusses how the Middle East Conflict has impacted the bunker market and why tug owners may consider using biofuels to comply with emissions regulations
GMS says all its vessels in the Gulf are back on hire

GMS says all its vessels in the Gulf are back on hire

16 Jun 2026by David Foxwell
Company says it is well-placed to capitalise on strong demand in the region post conflict
LNG carrier sails through Hormuz with AIS switched on, carrying Qatari cargo

LNG carrier sails through Hormuz with AIS switched on, carrying Qatari cargo

15 Jun 2026by Georgios Georgiou
First confirmed vessel crosses Hormuz since US-Iran agreement, data providers say
High-priced fuel, chokepoint congestion, long delays and embattled sea routes

High-priced fuel, chokepoint congestion, long delays and embattled sea routes

15 Jun 2026by Selwyn Parker
Recognised for her deep knowledge of the maritime industry, Harvard professor Myrto Kalouptsidi sees shipping shocks spreading globally
Pakistan announces deal between US and Iran; fate of Strait of Hormuz transits unclear

Pakistan announces deal between US and Iran; fate of Strait of Hormuz transits unclear

15 Jun 2026by Jamey Bergman
US President Trump says he "fully authorize(s) the toll-free opening of the Strait of Hormuz" but Iran’s state media said deal calls for reopening of strait under "Iranian arrangements"
Intertanko backs Hormuz deal, tells masters: “take nothing for granted”

Intertanko backs Hormuz deal, tells masters: “take nothing for granted”

15 Jun 2026by Riviera News
Industry association INTERTANKO has welcomed the US–Iran agreement to begin discussions involving reopening the Strait of Hormuz but cautions it is not yet safe water
Westwood: offshore rig dayrates (mostly) continue to fall in 2026

Westwood: offshore rig dayrates (mostly) continue to fall in 2026

15 Jun 2026by Teresa Wilkie
As of mid-June 2026, the global offshore rig market has continued to soften, with a further marginal deterioration in activity
Oil slick reported off Oman near tanker hit by US forces as US and Iran vie to move oil past blockades

Oil slick reported off Oman near tanker hit by US forces as US and Iran vie to move oil past blockades

12 Jun 2026by Jamey Bergman
US President Trump’s claims of "a secret mission" moving millions of barrels of Arabian oil over the past month equate to fraction of prewar flows
Indian Navy recovers unexploded missile warhead on Greek-owned VLCC struck off Oman

Indian Navy recovers unexploded missile warhead on Greek-owned VLCC struck off Oman

12 Jun 2026by Georgios Georgiou
Olympic Life was en route from Fujairah to Kochi when it reported an explosion in its hull on 26 May
Update: US forces confirm attack on tanker that kills three seafarers

Update: US forces confirm attack on tanker that kills three seafarers

10 Jun 2026by Jamey Bergman
IMO Secretary General condemns attack a day after telling industry there is ’no safe passage’ through Strait of Hormuz
Day 100 of Hormuz crisis: Houthis return to shipping threats as attacks continue across the region

Day 100 of Hormuz crisis: Houthis return to shipping threats as attacks continue across the region

08 Jun 2026by Riviera News
Houthi spokesperson declares a ban on Israeli maritime navigation of Red Sea as Yemen-based military group joined Iran in firing missiles at Israel in response for Israeli attacks on Lebanon
LOAD MORE +
Iran-linked vessels test US blockade limits as tanker owners line up for Gulf cargoes

Iran-linked vessels test US blockade limits as tanker owners line up for Gulf cargoes

17 Jun 2026by Georgios Georgiou
Market participants expect vessels loading in the Gulf to command substantial premiums
How the Middle East Conflict is impacting the bunker market

How the Middle East Conflict is impacting the bunker market

17 Jun 2026by John Snyder
uel supply expert discusses how the Middle East Conflict has impacted the bunker market and why tug owners may consider using biofuels to comply with emissions regulations
GMS says all its vessels in the Gulf are back on hire

GMS says all its vessels in the Gulf are back on hire

16 Jun 2026by David Foxwell
Company says it is well-placed to capitalise on strong demand in the region post conflict
LNG carrier sails through Hormuz with AIS switched on, carrying Qatari cargo

LNG carrier sails through Hormuz with AIS switched on, carrying Qatari cargo

15 Jun 2026by Georgios Georgiou
First confirmed vessel crosses Hormuz since US-Iran agreement, data providers say
High-priced fuel, chokepoint congestion, long delays and embattled sea routes

High-priced fuel, chokepoint congestion, long delays and embattled sea routes

15 Jun 2026by Selwyn Parker
Recognised for her deep knowledge of the maritime industry, Harvard professor Myrto Kalouptsidi sees shipping shocks spreading globally
Pakistan announces deal between US and Iran; fate of Strait of Hormuz transits unclear

Pakistan announces deal between US and Iran; fate of Strait of Hormuz transits unclear

15 Jun 2026by Jamey Bergman
US President Trump says he "fully authorize(s) the toll-free opening of the Strait of Hormuz" but Iran’s state media said deal calls for reopening of strait under "Iranian arrangements"
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